The USD/JPY continues to flirt with lower values but has also suffered from reversals upwards which makes its lower trajectory potentially attractive to speculators.
The following are the most recent pieces of Forex technical analysis from around the world. The Forex technical analysis below covers the various currencies on the market and the most recent trends, technical indicators, as well as resistance and support levels.
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The USD/CHF has rallied a bit during the trading session on Friday, as it looks like we are trying to form some type of falling wedge, which can be a bullish pattern.
The S&P 500 has fallen rather hard during the day on Friday as we continue to see a lot of negativities after the Jerome Powell press conference on Wednesday.
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The NASDAQ 100 has fallen rather significantly during the trading session on Friday again, mainly because we managed to continue the nasty look to the market that we had seen on Thursday.
The gold markets have rallied a bit during the trading session on Friday, as we have seen a little bit of a recovery from the massive selloff on Thursday.
The EUR/GBP rallied a bit during the trading session on Friday but continues to struggle with the idea of breaking above the 0.8750 level, which extends resistance all the way to the 0.88 level.
The West Texas Intermediate Crude Oil market has fallen rather hard during the Friday session, as we head into the weekend.
The GBP/USD has gone back and forth during the trading session on Friday, as we continue to hang around the 200-Day EMA.
The AUD/USD initially tried to rally a bit during the trading session on Monday but gave back gain as it looks like we are continuing to roll over.
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The NZD/USD rallied a bit during the trading session on Friday, as we try to stay within the consolidation area that we have been in for a while.
The EUR/USD initially tried to rally a bit during the trading session on Friday but has given back a bit of the gain to show signs of negativity, and then eventually went negative for the day.
My previous GBP/USD signal on 13th December produced a profitable short trade from the bearish rejection of the resistance level I identified at $1.2437.
The EUR/USD price pulled back slightly after the latest interest rate decision by the Fed and European Central Bank (ECB).
The BTC/USD price remained under pressure during the weekend as the outlook for the crypto industry darkened.
The AUD/USD pulled back to the lowest level since December 7 as the divergence between the Federal Reserve and the RBA emerged last week.